Alliancebernstein L.P. Grows Holdings in Criteo S.A. (NASDAQ:CRTO)

Alliancebernstein L.P. lifted its stake in shares of Criteo S.A. (NASDAQ:CRTO - Free Report) by 38.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,796,975 shares of the information services provider's stock after acquiring an additional 1,052,126 shares during the quarter. Alliancebernstein L.P. owned approximately 6.88% of Criteo worth $150,208,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Private Wealth Group LLC increased its holdings in Criteo by 31.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 6,258 shares of the information services provider's stock worth $245,000 after purchasing an additional 1,490 shares during the period. Schroder Investment Management Group raised its holdings in shares of Criteo by 4,200.9% in the fourth quarter. Schroder Investment Management Group now owns 572,790 shares of the information services provider's stock valued at $22,493,000 after acquiring an additional 559,472 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Criteo by 10.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 697,146 shares of the information services provider's stock worth $27,579,000 after acquiring an additional 63,379 shares during the period. DnB Asset Management AS grew its holdings in Criteo by 0.5% during the 4th quarter. DnB Asset Management AS now owns 5,407,057 shares of the information services provider's stock worth $213,903,000 after acquiring an additional 28,536 shares in the last quarter. Finally, LPL Financial LLC increased its position in Criteo by 15.1% during the 4th quarter. LPL Financial LLC now owns 19,235 shares of the information services provider's stock valued at $761,000 after purchasing an additional 2,527 shares during the period. Institutional investors own 94.27% of the company's stock.

Insider Buying and Selling

In other Criteo news, CEO Megan Clarken sold 13,823 shares of the company's stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $43.56, for a total value of $602,129.88. Following the sale, the chief executive officer now directly owns 488,229 shares of the company's stock, valued at approximately $21,267,255.24. This represents a 2.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian Gleason sold 3,135 shares of Criteo stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $36.95, for a total value of $115,838.25. Following the transaction, the insider now owns 139,085 shares of the company's stock, valued at $5,139,190.75. The trade was a 2.20 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,363 shares of company stock worth $1,124,213. 1.71% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRTO has been the topic of several research reports. StockNews.com lowered shares of Criteo from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. DA Davidson boosted their price target on Criteo from $53.00 to $57.00 and gave the stock a "buy" rating in a research report on Wednesday, February 5th. Morgan Stanley raised their price objective on Criteo from $42.00 to $44.00 and gave the company an "equal weight" rating in a research report on Thursday, February 6th. Wells Fargo & Company boosted their target price on shares of Criteo from $63.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, BMO Capital Markets lifted their price objective on shares of Criteo from $48.00 to $60.00 and gave the stock an "outperform" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Criteo has an average rating of "Moderate Buy" and a consensus price target of $52.90.

Criteo Trading Down 7.8 %

Shares of NASDAQ:CRTO traded down $2.56 on Friday, hitting $30.06. 478,474 shares of the company were exchanged, compared to its average volume of 424,820. The firm has a market capitalization of $1.74 billion, a P/E ratio of 17.89 and a beta of 0.98. Criteo S.A. has a 1-year low of $29.72 and a 1-year high of $49.93. The stock's 50 day moving average price is $38.69 and its 200 day moving average price is $39.41.

Criteo (NASDAQ:CRTO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The information services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Criteo had a return on equity of 16.37% and a net margin of 5.08%. On average, equities analysts predict that Criteo S.A. will post 3.09 EPS for the current fiscal year.

Criteo Profile

Criteo SA, a technology company, provides marketing and monetization services on the open Internet in North and South America, Europe, the Middle East, Africa, and the Asia-Pacific. The company's Criteo Shopper Graph, which derives clients' proprietary commerce data, such as transaction activity on their digital properties.